Greystone Housing Impact Investors LP (NYSE:GHI) Short Interest Down 24.0% in February

Greystone Housing Impact Investors LP (NYSE:GHI) was the recipient of a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 62,100 shares, a drop of 24.0% from the January 31st total of 81,700 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 92,500 shares, the short-interest ratio is currently 0.7 days.

Analysts Set New Price Targets

Separately, JMP Securities dropped their price target on Greystone Housing Impact Investors from $19.00 to $17.50 and set a “market outperform” rating on the stock in a research note on Thursday, November 7th.

Greystone Housing Impact Investors Price Performance

NYSE GHI opened at $12.95 on Thursday. The company has a market capitalization of $300.04 million, a PE ratio of 16.82 and a beta of 0.73. The company has a debt-to-equity ratio of 3.36, a quick ratio of 10.78 and a current ratio of 10.78. The business’s fifty day moving average is $11.91 and its 200 day moving average is $12.40. Greystone Housing Impact Investors has a fifty-two week low of $10.12 and a fifty-two week high of $16.82.

Greystone Housing Impact Investors (NYSE:GHI) last released its earnings results on Thursday, February 20th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.06. The company had revenue of $22.59 million for the quarter, compared to the consensus estimate of $26.02 million. Greystone Housing Impact Investors had a return on equity of 5.76% and a net margin of 22.35%. Sell-side analysts predict that Greystone Housing Impact Investors will post 1.9 earnings per share for the current year.

Greystone Housing Impact Investors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were given a $0.37 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.48 annualized dividend and a dividend yield of 11.43%. Greystone Housing Impact Investors’s payout ratio is 192.21%.

Hedge Funds Weigh In On Greystone Housing Impact Investors

Large investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC lifted its position in shares of Greystone Housing Impact Investors by 15.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 7,477 shares of the company’s stock valued at $77,000 after acquiring an additional 1,000 shares in the last quarter. NewEdge Advisors LLC purchased a new position in shares of Greystone Housing Impact Investors in the fourth quarter valued at about $134,000. Commonwealth Equity Services LLC lifted its position in shares of Greystone Housing Impact Investors by 12.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 13,389 shares of the company’s stock valued at $137,000 after acquiring an additional 1,527 shares in the last quarter. Jump Financial LLC purchased a new position in shares of Greystone Housing Impact Investors in the fourth quarter valued at about $152,000. Finally, Virtu Financial LLC bought a new stake in shares of Greystone Housing Impact Investors in the fourth quarter worth about $164,000. 9.01% of the stock is currently owned by hedge funds and other institutional investors.

About Greystone Housing Impact Investors

Greystone Housing Impact Investors LP acquires, holds, sells, and deals in a portfolio of mortgage revenue bonds (MRBs) that are issued to provide construction and/or permanent financing for multifamily, student, and senior citizen housing; skilled nursing properties; and commercial properties in the United States.